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Version status: Deleted | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 1992 - onwards
  Version 3 of 3    

Article 11

Deleted from 29 December 1992

1. The scheme of operations of the agency or branch referred to in Article 10(1)(c) and (2) shall contain the following particulars or evidence of:

(a) the nature of the commitments which the undertaking proposes to take on in the host country; the general and special policy conditions which it proposes to use;

(b) the technical bases which the undertaking proposes to employ for each class of business, including the data needed to calculate premium rates and reserves referred to in Article 17;

(c) the guiding principles as to reinsurance;

(d) the state of the undertaking's solvency margin and guarantee fund referred to in Articles 18, 19 and 20;

(e) estimates relating to the expenses of installing the administrative services and the organization for securing business and the financial resources intended to cover them;

and, in addition shall include, for the first three financial years;

(f)  a forecast balance sheet for the agency or branch;

(g) a plan setting out detailed estimat

Comparing proposed amendment...